View more on these topics

Praemium UK doubles assets under administration

Praemium more than doubled its assets under administration in the UK during the final quarter last year.

The platform firm recorded £39m in AUA as at December 31 last year, up from £17.5m by the end of Q3 and £11.4m by Q2.

To date Praemium provides a discretionary platform service to Succession Advisory Services, Price Bailey, Sterling McCall and Fat Prophets.

Praemium group chief executive Arthur Naoumidis says the firm is well positioned to be a mainstream platform in the UK market.

In a statement released on the Australian stock exchange, he said Praemium UK is poised for “rapid growth”, and has “compelling competitive advantages” in terms of technology, regulation and products.

He adds: “Praemium has extensive interest in the UK market. Our two key offerings are well positioned within the UK regulatory environment – outlawing of commissions, treating customers fairly and customer agreed remuneration.”

Recommended

Organic planet

When Neptune started grabbing attention with the stunning performance of its China and Russia funds a few years back, many wondered whether the investment boutique would turn out to be a flash in the pan. Cynics questioned if such strong returns were sustainable and felt that too many new funds were being added to the […]

Turner calls for new watchdog to block credit during bubble

FSA chairman Adair Turner has called for the creation of a new official body with powers to force banks to curb lending during financial bubbles. Turner told the BBC at the World Economic Forum in Davos that he sees the new body as a macro prudential committee, sitting between the Bank of England and the […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com